Property Overview & Key Characteristics
This 817 sqft unit at 104-1305 Grant Avenue in Winnipeg's Rockwood neighbourhood is a compact, no-basement property built in 1964. Its primary appeal lies in its exceptionally low municipal assessed value of $16,500, which places it in the top 7% of all Winnipeg properties for affordability. The unit ranks highly within its immediate area for its newer age, but its living space is more modest compared to most area homes.
The property would suit a very specific buyer: an investor or handy purchaser looking for a low-cost entry into the market, potentially for rental purposes or a long-term value play. It is not a typical family home. The appeal is financial rather than based on space or amenities, offering a chance to own real estate with minimal property tax burden. A thoughtful perspective is that this could represent a "blank slate" within a larger building, where the value is determined almost entirely by future potential and income generation rather than its current condition or size.
Frequently Asked Questions
1. Why is the assessed value so low?
Extremely low assessments like this are uncommon and typically reflect the property's specific characteristics, such as its modest square footage, lack of basement, and potentially its designation as a condominium or co-operative unit where the land is not individually owned.
2. What type of building is this?
The listing does not specify a building type (e.g., apartment, townhouse). The unit number format ("104-1305") strongly suggests it is part of a multi-unit complex, such as an apartment block or a condominium development.
3. Who would this property be best for?
It is best suited for investors seeking a low-cost rental property or very budget-conscious buyers willing to live in a compact space. It is less suitable for those needing room to grow, private outdoor space, or extensive storage.
4. Are there any major costs or considerations not reflected in the price?
Yes. As part of a larger building, monthly condominium or co-op fees are likely and would be a mandatory ongoing cost. A thorough review of the building's financial health, reserve fund, and rules is essential before purchasing.
5. How does it compare to nearby homes?
The listed "related homes" are mostly larger, detached houses in different neighbourhoods with significantly higher assessed values. This unit is not directly comparable; it represents a different, more affordable tier of the market entirely.